MTN Nigeria, a leading technology company, on Friday announced the rebranding of its fibre broadband service to FibreX. MTN Nigeria Chief Broadband Officer, Mr Egerton Idehen, described the rebranding as a major step in delivering next-generation internet solutions across the country. Formerly known as MTN Fibre Broadband, the newly branded …
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MTN Biggest Loser As NGX Falls Amid Global Stock Market Crash
THE Nigeria Exchange Limited, NGX, said Nigeria was on Monday hit by a wave of global stock market crash. Midday data from NGX showed a 0.27 percent decline in the NGX All-Share Index, with MTN Nigeria being the major loser. The Nigerian Banking stocks also suffered declines. For instance, Wema …
Read More »MTN Gets Approval To Block Glo Subscribers From Calling Its Lines
Globacom subscribers may be unable to make calls to MTN lines soon, due to the non-settlement of interconnect charges. The Nigerian Communications Commission disclosed this on Monday in a public notice signed by Director, Public Affairs Department, Reuben Muoka. It stated that the commission granted partial approval for the disconnection of …
Read More »MTN Makes U-Turn, Admits Not Paying N757.7bn Tax To FIRS
Nigeria’s biggest network provider, MTN Nigeria has reversed itself on the claims that it remitted N757.5bn to the Federal Government in 2021. The company said last week that the actual amount paid to the tax authority- the Federal Inland Revenue Service in 2021 was N291.67bn. “Without prejudice but specific to …
Read More »NCC ready to force MTN to pay fine as deadline expires
Nigeria said it was expecting telecoms giant MTN to meet a deadline for paying a record $3.9 billion fine which expires Thursday, despite the South African operator challenging the penalty in court. The Nigerian Communications Commission (NCC), the country’s telecoms regulator, had in October fined the firm for missing a …
Read More »Charts That Show Why MTN’s Fine Matters So Much to Nigeria’s revenue base
MTN is the market leader in Nigeria’s mobile-phone marketMTN Group Ltd.’s biggest market is now its worst headache.Nigeria’s telecommunications regulator (NCC) last week slapped the mobile-phone operator with a $5.2 billion fine, wiping almost 20 percent off its market value over the space of four days. There is a lot …
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